This is an interesting little tidbit: The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.
So when did he submit the paperwork? If he submitted the paperwork anytime in the last year, he was acting on inside information and using this trading plan to legalize his insider trading. Hmmmmm….. Anyone know when he filed the paperwork?
